AFLAC Incorporated (AFL) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.68. The company posted revenue of $5437.00 million in the period, compared to analysts expectations of $5469.99 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.
Many Wall Street Analysts have commented on AFLAC Incorporated. AFLAC Incorporated was Downgraded by Sandler O’Neill to ” Hold” on May 23, 2016. AFLAC Incorporated was Downgraded by Keefe Bruyette to ” Mkt Perform” on May 20, 2016. Shares were Downgraded by FBR Capital on May 10, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 68 from a previous price target of $71 .
AFLAC Incorporated closed down -0.04 points or -0.05% at $73.32 with 19,68,523 shares getting traded on Thursday. Post opening the session at $73.12, the shares hit an intraday low of $72.8315 and an intraday high of $73.51 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 28, 2016, Robin Y Wilkey (Sr. Vice President) sold 3,065 shares at $70.23 per share price. According to the SEC, on Jun 9, 2016, Teresa L White (President, Aflac U.S.) sold 8,976 shares at $69.80 per share price. On Jun 2, 2016, Kenneth S Jr Janke (EVP, Treas Head of CorpFin&Dev) sold 7,500 shares at $69.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Aflac Incorporated (Aflac) is a business holding company. The Company is engaged in supplemental health and life insurance which is marketed and administered through its subsidiary American Family Life Assurance Company of Columbus (Aflac). Aflac offers insurance policies in Japan and the United States that provide a layer of financial protection against income and asset loss. Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan sells voluntary supplemental insurance products including cancer plans medical indemnity plans medical/sickness riders care plans living benefit life plans ordinary life insurance plans and annuities. Aflac U.S. sells insurance products including products designed to protect individuals from depletion of assets such as accident cancer critical illness/care hospital intensive care hospital indemnity fixed-benefit dental and vision care plans and loss-of-income products.